Location: Situated on approximately 1.9 acres with excellent visibility and direct access to Interstate 10, one of the most heavily trafficked corridors in the Phoenix MSA. The property is strategically located in a rapidly growing submarket just south of the freeway, providing unmatched accessibility for regional residents.
Facility Overview: The property features 107 uncovered storage units, offering ample space for RVs, boats, and other recreational vehicles. The facility is well-positioned to serve the recreational storage needs of a market with a population of over 100,000 residents within a 10-mile radius.
Market Fundamentals: The area boasts strong market fundamentals, including a median household income surpassing $70,000 within a 5-mile radius, indicating a robust consumer base with a higher propensity for recreational vehicle ownership and storage needs.
Revenue Potential: Beyond its core storage business, Buckeye RV & Boat Storage includes a retail component, providing an additional revenue stream. This diversified income model further enhances the property’s financial performance and presents additional upside potential.
Investment Opportunity: The facility offers substantial upside through strategic management and operational improvements. Opportunities include:
Increasing occupancy through targeted marketing and outreach.
Adjusting rental rates to align with local market conditions.
Implementing value-add improvements such as canopies to enhance unit offerings and appeal to more tenants.
Competitive Advantage: With its prime location, the facility is poised to outperform its competition, benefitting from its direct access to Interstate 10 and proximity to key retail, residential, and recreational areas in the rapidly expanding Buckeye market.
This asset presents an outstanding opportunity for a new investor to establish a foothold in one of the fastest-growing recreational storage markets in the Sunbelt, with immediate access to a thriving customer base and substantial upside potential.